TERRA ISTRIANA is located on a total construction area of 15.10 hectares and the concession rights along the coast. It is an integrated tourism project of third generation of complete and sophisticated experience with a wide range of activities specifically associated with a feeling of comfort, relaxation and cultural activities. The main features by which this complex will be different from others is the lake, as well as its unique characteristics, and agriculture as an integral part of the complex. It will consist of the Adriatic inspired architecture and a strong connection with the lake and sandy beaches.
Construction of the resort with 2.270 beds inspired by the architecture of the Istrian village in rural form with the necessary facilities to satisfy needs of modern tourism. At the concession area along the existing wharf the construction of the marina is planned with 200 berths with a possibility of electrical and water supply for the largest mega yachts. The strategic geographical location of sorrounding area of 1.000 km to where a population of over 200 million inhabitants gravitates.
There are concession rights on the surface of the sea on the surrounding land in the area of the Kravlji rt in Umag and concession rights in the area of Stancija Grande in the area of Savudrija (nearby place next to Umag).
Project is based on the lands of former TVORNICA CEMENTA which was active since 1960s but stopped it's acitivty by 2000 and in 2008 the last parts of the former factory complex were removed.
According to the Urban Development Plan taken into action in April 2014. and published in the Official Gazzette of the city of Umag no.06/2014. building of the following is possible:
1. Tourist settlement with up to 2280 beds on a total coverage area of 14,75 ha ( land in property)
2. Marina with existing wharf for up to 200 berths on a total coverage area of 12 ha (land in concession)
3. Area for recreational and agriculture activities with a lake on a total coverage area of 77.60 ha (land in concession)
In the agriculture area app.5000 olive trees are plant and the famous extra virgin olive oil Terra Istriana is produced
Selling price is in the range of 40 mln euro
Realization of the project will require cca. 230 mln euro.